Blackboxstocks Inc. (NASDAQ:BLBX) Short Interest Up 239.9% in January

Blackboxstocks Inc. (NASDAQ:BLBX) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 70,700 shares, an increase of 239.9% from the January 15th total of 20,800 shares. Based on an average trading volume of 3,900,000 shares, the short-interest ratio is currently 0.0 days. Currently, 3.9% of the company’s shares are short sold.

Institutional Investors Weigh In On Blackboxstocks

A hedge fund recently bought a new stake in Blackboxstocks stock. Ackerman Capital Advisors LLC purchased a new position in shares of Blackboxstocks Inc. (NASDAQ:BLBX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,627 shares of the company’s stock, valued at approximately $32,000. Ackerman Capital Advisors LLC owned approximately 0.39% of Blackboxstocks at the end of the most recent reporting period. 3.58% of the stock is owned by institutional investors and hedge funds.

Blackboxstocks Stock Performance

Shares of Blackboxstocks stock remained flat at $3.27 on Friday. The stock had a trading volume of 56,737 shares, compared to its average volume of 8,330,358. The stock’s fifty day moving average is $2.58 and its 200 day moving average is $2.57. Blackboxstocks has a 1-year low of $1.51 and a 1-year high of $6.00. The company has a market capitalization of $11.58 million, a P/E ratio of -3.37 and a beta of 1.37.

Blackboxstocks Company Profile

Blackboxstocks Inc develops and markets financial technology and social media hybrid platform. The company offers Blackbox System, a subscription-based software as a service that provides real-time proprietary analytics and news for stock and options traders. Blackboxstocks Inc is headquartered in Dallas, Texas.